Video & Transcript Research : 'margin tax'

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TX

Texas 89th Regular

Ways & Means Mar 31st, 2025

Ways & Means

Transcript Highlights:
  • This means a dollar generated from taxes is being used to pay taxes.
  • Taxes from their citizens, and then they pay taxes on this.
  • taxes.
  • And you have a tax that is taxing me, or it might be, actually isn't taxing me because my meter's outside
  • This franchise tax, or margin tax, or whatever you want to call it, has caused a lot of uneasy situations
TX

Texas 89th Regular

Economic Development May 21st, 2025

Economic Development

Transcript Highlights:
  • The second addition to this committee substitute makes permanent the exemption from franchise tax for
  • The second addition to this committee substitute makes permanent the exemption from franchise tax for
  • This is an omnibus bill consisting of city hotel occupancy tax bills, county occupancy tax bills, and
  • bills, and municipal hotel tax bills.
  • outside of Chapter 351 of the Tax Code and for unauthorized purposes.
Summary: The Senate Economic Development Committee heard and laid out several measures focused on school safety, Texas-Taiwan relations, defense manufacturing, business formation, hotel tax policy, and NASA relocation. HB 1851 would allow surplus DPS vehicles and law enforcement equipment to be transferred to school districts in economically disadvantaged areas for use by school police and security personnel, with a two-year resale restriction. HCR 127 expressed support for the Texas-Taiwan relationship and trade ties, HCR 118 supported expanding warship manufacturing in Texas, HCR 141 urged Congress to move NASA headquarters to Houston, HB 346 (with a committee substitute) revised business filing and fee authority while making permanent a franchise tax exemption for new veteran-owned businesses, HB 2974 was an omnibus hotel occupancy tax and qualified hotel project bill, and HB 5596 addressed accountability for municipal hotel occupancy tax revenues in coastal communities. Witnesses generally supported the measures, including the Texas Hotel and Lodging Association on HB 2974 and resource witnesses from the Texas Veterans Commission and Secretary of State on HB 346; no opposition testimony was registered on the laid-out bills. After public testimony, the committee took up pending business and adopted committee substitutes where applicable. HB 1851, HB 346, HB 2974, and HB 5596 were each reported favorably to the full Senate, with HB 346 and HB 2974 also recommended for the local and uncontested calendar. HCR 127 and HCR 118 were reported favorably as well, and HCR 127 and HCR 141 were likewise recommended for the local and uncontested calendar. The committee also reported HB 4320 favorably, though the transcript repeats that motion several times. The meeting ended with the committee standing in recess until 7:00 a.m. subject to the call of the chair.
TX
Transcript Highlights:
  • The committee substitute makes permanent the exemption from franchise tax for a new... ...veteran-owned
  • This is an omnibus bill consisting of city hotel occupancy tax bills and county. ...occupancy tax bills
  • they're not technically bracketed bills if you will, for particular communities regarding county hotel tax
  • . ...bills and municipal hotel tax bills.
  • of Chapter 351 of the tax code. ...and for unauthorized purposes.
TX

Texas 89th 2nd C.S.

Local GovernmentAudio only. Aug 26th, 2025

Local Government

Transcript Highlights:
  • HB 17 requires taxing entities to mail notice to every property owner in a tax rate hearing while still
  • They do that in the spring, yes, and if they can contact all these taxing entities or have those taxing
  • Well, we don't know what the tax rate's going to be because the tax rate should be going down as the
  • This information just on the tax in urban counties - about half the tax rolls where you sleep, about
  • tax" formula.
Bills: HB17, HB23
TX

Texas 89th 2nd C.S.

Insurance Mar 26th, 2025

Insurance

Transcript Highlights:
  • Texas consistently leads the nation as the best state for business and has one of the lowest tax burdens
  • Less than $40,000 so the state of Texas paid $82,000 of our tax money.
  • We show you as Carl Isett with the Tax Association of Benefit Administrators and yourself, we show you
  • I mean, imagine if we were doing our taxes every 3 years, it might be harder and more engaging and if
  • This is not me sitting down with my wife for an evening and doing my taxes. This is.
Bills: HB139
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/4/25

Taxes

Transcript Highlights:
  • I can double... to get 50% off of their property taxes to get 50% off of their property taxes and<00:
  • We've also heard in this tax committee a lot of times about tax breaks for big... here uh Mr chair and
  • </c> regulations we've also heard in this tax regulations we've also heard in this tax committee<00:21
  • </c> 457 which would establish a new tax 457 which would establish a new tax credit<00:29:50.640><c>
  • </c><01:04:53.119><c> credit</c><01:04:53.400><c> like</c> tax base we know that a tax credit like tax
Bills: HF1277, HF812, HF457, HF633
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/3/26

Taxes

Transcript Highlights:
  • tax through tax year pass-through entity tax through tax year 2027. 2027. 2027.
  • </c><00:05:21.040><c> credit</c> the PTE tax, they get a a tax credit the PTE tax, they get a a tax credit
  • tax our lowest tax rate in rate, our our tax our lowest tax rate in this<01:07:15.400><c> state</c><
  • policy on no tax on tips and no tax on policy on no tax on tips and no tax on overtime<01:07:50.560><
  • Thank you, members. tax preferences that generally our tax tax preferences that generally our tax code
Summary: The House Tax Committee met on March 3, 2026, approved the February 26 minutes without objection, and then took up House File 3127, the chairman’s bill to extend Minnesota’s pass-through entity tax through tax year 2027. The bill was amended with the H3127A2 amendment, which also revives and reenacts the expired tax provision. Committee discussion focused on the bill’s purpose: allowing pass-through businesses to pay state income tax at the entity level and claim a federal deduction, thereby reducing federal tax liability for owners. Department staff said the proposal is revenue neutral to the state, with a zero revenue estimate, because the entity-level tax is offset by a credit against individual income taxes. Several witnesses testified in support, including representatives from NAIOP Minnesota, the Minnesota Association for Justice, the Minnesota Society of CPAs, NFIB, and the Minnesota Chamber of Commerce. They said the extension would help small and medium-sized businesses, law firms, real estate investors, and other pass-through entities, improve tax fairness, preserve competitiveness with other states, and provide certainty ahead of filing deadlines. One self-described taxpayer also testified in favor, arguing the provision helps Minnesota businesses and stabilizes state revenue timing. Members generally expressed support, and the chair said he wanted to get the bill done by March 15. House File 3127, as amended, was laid over for possible inclusion in the omnibus tax bill. The committee then moved to House File 3524 and House File 3525, both presented by Representative Robbins and also laid over for possible inclusion. HF 3524 would conform Minnesota law to the federal “no tax on overtime” provision, and HF 3525 would conform to the federal “no tax on tips” provision. Representative Robbins said both bills would simplify tax filing and let workers keep more of their earnings, with HF 3525 aimed especially at tipped workers and other lower-wage employees in hospitality and similar industries. Testimony on those bills was deferred to a later point, and no votes were taken on them during this portion of the meeting.
TX
Transcript Highlights:
  • Yes, and if they can contact all these taxing entities or have those taxing entities tell them. and give
  • Or allow us your local taxing entity.
  • tax increase above the threshold?
  • Well, we don't know what the tax rate is going to be because the tax rate should be going down as the
  • Is going to property taxes, and then you have additional advocates for lower property taxes.
Bills: HB17, HB23
TX

Texas 89th Regular

Ways & Means Aug 22nd, 2025

Ways & Means

Transcript Highlights:
  • Collect per year total in property tax revenue per taxing entity.
  • Gervin-Hawkins, 100% tax relief. For me, 100% tax relief.
  • This isn't a tax exemption or a tax rate.
  • If you could keep insurance rates low, if there's a margin of change in property tax, there may be a
  • Then I asked the tax assessor, what's our tax rate?
Bills: HB17, HB23, SB 10
OK

Oklahoma 2026 Regular Session

Revenue and Taxation Feb 16th, 2026 at 01:30 pm

Revenue and Taxation

Transcript Highlights:
  • That part of that tax cut included a path to zero, which is a triggered tax cut.
  • And I think, when we look at our income tax revenue, sales tax revenue, the diversity of the funds that
  • The desire to help those with their homeowner's taxes.
  • I think I read it carefully, but will you Tell me what the maximum tax excise tax would be that a city
  • But it is hard to place a tax on the underground industry.
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 3/27/25

Taxes

Transcript Highlights:
  • </c> a refundable sales tax sales and use tax a refundable sales tax sales and use tax exemption<00:04
  • pay sales tax on right now.
  • pay sales tax on right now.
  • pay sales tax on right now.
  • </c><01:25:56.440><c> gas</c><01:25:56.719><c> tax</c> sales tabs tax delivery fee the gas tax sales
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 4/9/26

Taxes

Transcript Highlights:
  • </c> the margin for error is far smaller. the margin for error is far smaller.
  • </c> sales tax, matters. sales tax, matters.
  • Whether they're income taxes, sales taxes, or wealth taxes, these policies have their merits and trade-offs
  • tax.
  • </c> through this tax. through this tax.
Bills: HF4841, HF4234, HF3697
TX

Texas 89th Regular

Local Government Apr 22nd, 2025

Local Government

Transcript Highlights:
  • There are winners and losers on every tax relief.
  • We do have the best property tax system in the country.
  • And now targeted tax relief that your constituents understand.
  • taxes equals the levy.
  • And for the over-65s, they've already paid a lifetime of taxes.
Bills: SB23, SJR85
Summary: The Senate Committee on Local Government heard testimony on Senate Bill 23 and its companion constitutional amendment, Senate Joint Resolution 85, both by Senator Bettencourt. The bills would increase the additional homestead exemption for elderly and disabled homeowners from $10,000 to $60,000, which proponents said would significantly reduce property taxes and help seniors and disabled Texans age in place. Bettencourt and supporters described the measure as part of a broader property tax relief package, estimating combined savings of about $950 for over-65 and disabled homeowners when paired with other recent homestead exemption changes. Witnesses largely supported the proposal. Testimony in favor came from a lawyer, a private citizen, Texas Realtors, the Texas Silver-Haired Legislature, and the Texas Association of Builders, all emphasizing relief for fixed-income seniors, housing stability, and the ability to remain in their homes. Several witnesses noted rising property taxes, medical costs, and the challenges seniors face in moving or affording home modifications. One witness from Every Texan said a flat homestead exemption is the most equitable way to cut property taxes, but argued against additional tax cuts generally, favoring a circuit-breaker approach and warning that permanent tax cuts could reduce funding for schools and other needs. The committee also discussed data showing many over-65 homeowners already pay no school property taxes in some counties and that the proposed changes would increase that share. After closing public testimony, the committee voted on the measures. Senate Bill 23 was reported favorably to the full Senate by a 7-0 vote, and S.J.R. 85 was also reported favorably by a 7-0 vote. The transcript also shows Senate Bill 898 being laid out and passed unanimously earlier in the meeting, with a recommendation for the local and uncontested calendar.
LA

Louisiana 2026 Regular Session

Revenue and Fiscal Affairs May 11th, 2026

Revenue & Fiscal Affairs

Transcript Highlights:
  • They're paying the fuel tax.
  • That would not be paying the gas tax, or it does pay the gas tax and would not get the hybrid tax.
  • They don't have to pay any taxes anymore. to pay taxes.
  • They didn't have to pay any of that tax. Everybody else had to pay the tax.
  • tax.
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation Education Committee Feb 12th, 2025

Finance and Taxation Education

Transcript Highlights:
  • Downstairs, they were saying, "Oh, they want to give some more tax breaks."
  • I ain't saying tax someone else; I'm saying we can't get no more of them breaks now because we got needs
  • All right, this is a sales and use tax. This is to get them in sync with each other.
  • Number one, we have a fair amount of local sales tax exemption bills that have been put in this committee
  • I don't know if it's going to work or not, but it's to deal with all the local sales tax exemptions for
Bills: SB1, SB83, SB159, SB160, SB1
TX

Texas 89th Regular

89th Legislative Session Apr 2nd, 2025

Texas House Floor Meeting

Transcript Highlights:
  • To be taxed annually on items that sales tax has already been paid for is a more...
  • When you owned a business, did you pay franchise taxes? Yes. Real property tax? Yes.
  • Business personal property tax? Yep. Federal income tax? Yes, sir. Sales tax? Yep.
  • This is an intangible... personal, what kind of tax? Property tax? Yes.
  • It is in the tax code. But your bill would simply. take it out of the tax code.
AL

Alabama 2025 Regular Session

Alabama House Fiscal Responsibility Committee Feb 19th, 2025

Fiscal Responsibility

Transcript Highlights:
  • It's not subject to state income tax.
  • It's a benefit for teachers because that retirement is not subject to state income tax; it's sitting
  • Then they can roll it into an IRA or another tax-separate account at the end.
  • I don't know if there's some tax issues or anything with that. We've never looked at that.
Bills: SB45, SB73, SB169, HB243, SB177